Republic of the Philippines

Tarlac State University

College of Business and Accountancy
Tarlac City, Tarlac

ETHICS
(Ethical Challenges
of Globalization)

By:
Janelle C. Guevarra
BSA 2D
 ETHICAL CHALLENGES OF GLOBALIZATION
The moral challenges of globalization demands a fundamental change in values, focusing
on human security, democracy, and economic justice. By thinking globally and acting
collectively, each of us must contribute to building a more compassionate, humane, and
peaceful world.

Ethical Challenges:

 One critism against the presently unfolding neoliberal globalization is that it

concentrates wealth in the hand of a few, leaving the majority in the condition of
poverty. While the advocates of globalization is to paint a pretty picture of a
globalized world.
 States are in effect increasingly losing their sovereignty. In globalized world,
organizations such as the International Monetary Fund (IMF), World Bank, and
World Trade Organization (WTO) virtually take over their traditional functions.
 Problem on handling the global environment in order to prevent a global
ecological collapse, a scene that threatens humanity with the threat of
annihilation. It is now a basic knowledge among environmentally literate people
that today the world is threatened by a host of environmental problems that carry
with them potential planetary costs.
 The explosive population growth which threatens to surpass the earth’s carrying
capacity and bust the biosphere. Combined, these environmental problems
essentially elucidate the idea of transnational harm and the independent condition
of human existence in 21st century primarily due to globalization.
 Global environmental considerations from the need for international
environmental ethics which is an aspect of global ethics. The use of commons or
environment ought to be controlled by international regulations.
Definition of terms:

Globalization – It is the process in which people, businesses , goods and other

organization spread throughout the world, spurring more interaction and integration
between world’s cultures, governments and economies.

Ethical – involving questions of right and wrong behavior.

Challenges – a difficult task or problem, something that is hard to do.

QUIZ

NAME:. SCORE:
YEAR & SECTION: BSA-2D DATE:
Write TRUE if the statement is correct and FALSE if the statement is wrong.

______ 1. Neoliberal globalization concentrates wealth in the hand of a few, leaving the
majority in the condition of poverty.
______ 2. Globalization is the process in which people, businesses , goods and other
organization spread throughout the world, spurring more interaction and integration
between world’s cultures, governments and economies.
______ 3. The explosive population growth which threatens to surpass the earth’s
carrying capacity and bust the biosphere.
______ 4. States are in effect increasingly losing their sovereignty.
______ 5. The moral challenges of globalization demands a fundamental change in
values, focusing on human security, democracy, and economic justice.